DYCL

Dynamic Cables Limited

Power and specialty cables for utilities and industrial customers

Industrials›Capital Goods›Industrial Products›Cables - Electricals

dynamiccables.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹408.75
Market cap
1,980 Cr
Stock P/E
21.7
P/B
4.33
Dividend yield
0.1%
ROE (FY26)
18.5%
ROCE (FY26)
25.0%
Operating margin (FY26)
9.8%
Debt / equity (FY26)
0.09
OCF / EBITDA (FY26)
47.5%
OCF / EBITDA (3Y)
38.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Dynamic Cables makes power cables and conductors, sold only to business customers, mainly power distribution companies, renewable energy developers and large corporate clients, in India and export markets.

Company snapshot

8thBy market cap

Ranked among 14 companies in Cables - Electricals.

What we see

Positives
  • ✓Debt-to-equity of 0.09x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 38% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales154 Cr192 Cr241 Cr209 Cr234 Cr252 Cr331 Cr262 Cr282 Cr299 Cr355 Cr349 Cr
Operating expenses (approx.)140 Cr174 Cr215 Cr187 Cr210 Cr226 Cr297 Cr235 Cr251 Cr265 Cr318 Cr311 Cr
EBITDA13 Cr18 Cr25 Cr22 Cr24 Cr26 Cr34 Cr27 Cr31 Cr34 Cr38 Cr38 Cr
OPM %8.7%9.4%10.6%10.5%10.1%10.2%10.3%10.3%10.9%11.5%10.6%10.9%
Other income0.76 Cr0.86 Cr1.00 Cr1 Cr2 Cr2 Cr1 Cr3 Cr1 Cr2 Cr0.96 Cr1 Cr
Interest5 Cr6 Cr5 Cr5 Cr5 Cr4 Cr2 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Depreciation2 Cr2 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Profit before tax7 Cr10 Cr18 Cr16 Cr18 Cr21 Cr31 Cr24 Cr26 Cr30 Cr32 Cr33 Cr
Tax %29.6%26.8%24.7%25.7%24.5%24.9%23.2%25.3%25.4%25.4%25.2%25.4%
Net profit5 Cr8 Cr14 Cr12 Cr14 Cr16 Cr24 Cr18 Cr20 Cr22 Cr24 Cr25 Cr
EPS (₹)₹2.31₹3.42₹6.26₹5.21₹5.72₹6.52₹9.73₹3.76₹4.05₹4.63₹4.99₹5.15

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales300 Cr357 Cr527 Cr429 Cr343 Cr564 Cr669 Cr768 Cr1,025 Cr1,198 CrSign in free for the trailing twelve months
Operating expenses (approx.)281 Cr337 Cr478 Cr383 Cr317 Cr504 Cr606 Cr691 Cr920 Cr1,068 CrSign in free for the trailing twelve months
EBITDA19 Cr20 Cr48 Cr45 Cr26 Cr60 Cr63 Cr77 Cr105 Cr130 CrSign in free for the trailing twelve months
OPM %6.2%5.5%9.1%10.5%7.5%10.6%9.4%10.1%10.3%10.8%Sign in free for the trailing twelve months
Other income5 Cr3 Cr6 Cr3 Cr8 Cr3 Cr3 Cr3 Cr7 Cr7 CrSign in free for the trailing twelve months
Interest9 Cr9 Cr13 Cr15 Cr12 Cr13 Cr16 Cr21 Cr15 Cr11 CrSign in free for the trailing twelve months
Depreciation2 Cr2 Cr8 Cr9 Cr8 Cr8 Cr8 Cr9 Cr11 Cr12 CrSign in free for the trailing twelve months
Profit before tax12 Cr11 Cr33 Cr24 Cr13 Cr42 Cr42 Cr51 Cr86 Cr113 CrSign in free for the trailing twelve months
Tax %34.7%34.7%35.1%23.5%26.4%25.6%25.7%25.6%24.3%25.3%Sign in free for the trailing twelve months
Net profit8 Cr7 Cr21 Cr18 Cr10 Cr31 Cr31 Cr38 Cr65 Cr84 CrSign in free for the trailing twelve months
EPS (₹)₹5.17₹4.14₹9.64₹8.32₹4.47₹14.04₹14.09₹17.16₹27.31₹17.42Sign in free for the trailing twelve months
Dividend payout %————5.6%1.8%3.5%2.9%1.7%1.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital11 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr24 Cr48 Cr
Reserves31 Cr49 Cr70 Cr87 Cr95 Cr126 Cr155 Cr192 Cr350 Cr409 Cr
Borrowings86 Cr127 Cr——108 Cr77 Cr82 Cr119 Cr58 Cr40 Cr
Other liabilities48 Cr40 Cr200 Cr192 Cr71 Cr126 Cr144 Cr165 Cr157 Cr185 Cr
Total liabilities176 Cr238 Cr292 Cr301 Cr297 Cr350 Cr403 Cr499 Cr589 Cr683 Cr
Fixed assets (net)18 Cr56 Cr58 Cr56 Cr54 Cr53 Cr56 Cr63 Cr83 Cr96 Cr
CWIP10 Cr———0 Cr0 Cr3 Cr7 Cr0.04 Cr33 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr1 Cr44 Cr31 Cr
Loans & advances————1 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories37 Cr48 Cr50 Cr53 Cr84 Cr94 Cr89 Cr127 Cr150 Cr173 Cr
Trade receivables84 Cr98 Cr155 Cr152 Cr128 Cr159 Cr206 Cr255 Cr237 Cr288 Cr
Cash & bank3 Cr10 Cr0.12 Cr0.06 Cr0.09 Cr0.08 Cr0.13 Cr0.23 Cr0.15 Cr0.15 Cr
Other assets24 Cr26 Cr29 Cr40 Cr30 Cr44 Cr50 Cr45 Cr75 Cr62 Cr
Total assets176 Cr238 Cr292 Cr301 Cr297 Cr350 Cr403 Cr499 Cr589 Cr683 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity22 Cr-23 Cr18 Cr37 Cr26 Cr64 Cr27 Cr1 Cr56 Cr62 Cr
Cash from investing-14 Cr-33 Cr-9 Cr-8 Cr-6 Cr-9 Cr-16 Cr-16 Cr-76 Cr-32 Cr
Cash from financing-6 Cr54 Cr-9 Cr-29 Cr-20 Cr-55 Cr-12 Cr15 Cr19 Cr-30 Cr
Net cash flow2 Cr-2 Cr0.02 Cr-0.07 Cr0.03 Cr-0.0082 Cr0.05 Cr0.10 Cr-0.08 Cr0.0058 Cr
Free cash flow (OCF − Capex)11 Cr-53 Cr8 Cr30 Cr19 Cr58 Cr14 Cr-20 Cr32 Cr4 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.7%10.5%49.6%35.9%11.2%24.3%22.3%21.5%23.4%25.0%
ROE %19.2%10.4%23.1%16.8%8.4%20.9%17.5%17.7%17.3%18.5%
Debtor days1021001071301361031121218487
Inventory days525842581097159726663
Days payable5534——669189876058
Cash conversion cycle9812514918817883821069092
OCF / EBITDA %116.6%-115.4%37.3%82.5%101.6%106.9%43.7%1.6%53.5%47.5%
OCF / EBITDA % (3 years)——20.0%29.0%68.3%97.4%79.2%46.4%34.6%38.2%
Debt / equity2.081.790.000.000.920.520.460.560.160.09
Current ratio1.371.561.511.711.641.661.611.542.372.52
Net debt / EBITDA4.446.00-0.0026-0.00134.221.281.311.540.550.31